Quote:
Originally Posted by ProfCrash
That if you live in a country that is developing you can afford to pay people a much lower salary then the folks who live in a developed country and hence develop niche health care markets that are insanely inexpensive. And that the malpractice liability is probably non-exisistant or really, really low. And that the land is probably less expensive to buy or rent. Probably the equipment is sold at a cheaper price then in the US because the area cannot pay as much.
Seriously, it is no different then asking what a Hilton hotel in the US could learn from a Hilton hotel in Thailand when the one in Thailand can afford to charge a good deal less for a hotel room then the one in New York City or Washington DC. Or what factories can learn from much cheaper manufacturing costs in a developing country from the US. The labor is less expensive, the land is less expensive, so you can charge a good deal less.
Basically, it is less expensive for the same reason that it is less expensive to build an iPad in China then the US.
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so yes and no, they lesson is to simplify from what you are saying. The lesson is to stop the run-away economy and inflation...the lesson is to open the immigration doors....the lesson is to fix the trade imbalance...
